SSR Mining (SSRM) Upgraded to “Sell” by BidaskClub

SSR Mining (NASDAQ:SSRM) (TSE:SSO) was upgraded by BidaskClub from a “strong sell” rating to a “sell” rating in a report issued on Saturday, January 20th.

A number of other research firms have also recently weighed in on SSRM. Zacks Investment Research cut SSR Mining from a “buy” rating to a “hold” rating in a report on Wednesday, October 11th. Scotiabank raised SSR Mining from a “sector perform” rating to an “outperform” rating and set a $13.00 target price on the stock in a research note on Monday, September 25th. BMO Capital Markets started coverage on SSR Mining in a research note on Friday, November 17th. They issued an “outperform” rating and a $12.50 target price on the stock. National Bank Financial reaffirmed an “outperform market weight” rating on shares of SSR Mining in a research note on Wednesday, December 13th. Finally, Credit Suisse Group raised SSR Mining from a “neutral” rating to an “outperform” rating in a research note on Tuesday, January 16th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $12.38.

SSR Mining (NASDAQ:SSRM) traded down $0.43 on Friday, hitting $7.86. The company had a trading volume of 2,409,532 shares, compared to its average volume of 1,270,000. The firm has a market cap of $947.23, a PE ratio of 15.41 and a beta of -0.18. The company has a current ratio of 10.42, a quick ratio of 7.96 and a debt-to-equity ratio of 0.23. SSR Mining has a 1-year low of $7.75 and a 1-year high of $12.02.

Hedge funds have recently bought and sold shares of the stock. Commerzbank Aktiengesellschaft FI purchased a new stake in SSR Mining in the 4th quarter valued at approximately $154,000. SG Americas Securities LLC purchased a new position in shares of SSR Mining during the 4th quarter worth $224,000. The Manufacturers Life Insurance Company lifted its stake in shares of SSR Mining by 40.2% during the 4th quarter. The Manufacturers Life Insurance Company now owns 137,623 shares of the basic materials company’s stock worth $1,210,000 after purchasing an additional 39,488 shares during the period. James Investment Research Inc. lifted its stake in shares of SSR Mining by 8,368.4% during the 4th quarter. James Investment Research Inc. now owns 176,990 shares of the basic materials company’s stock worth $1,556,000 after purchasing an additional 174,900 shares during the period. Finally, American Century Companies Inc. lifted its stake in shares of SSR Mining by 33.0% during the 4th quarter. American Century Companies Inc. now owns 421,100 shares of the basic materials company’s stock worth $3,701,000 after purchasing an additional 104,500 shares during the period. 40.26% of the stock is currently owned by hedge funds and other institutional investors.

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About SSR Mining

SSR Mining Inc, formerly Silver Standard Resources Inc, is a Canada-based resource company. The Company is engaged in the operation, acquisition, exploration and development of precious metal resource properties located in the Americas. The Company’s segments include Pirquitas mine, Marigold mine, Seabee Gold Operation, and Exploration and evaluation properties.

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